Official Statement from Zipmex
August 10, 2022
Updates and progress on the current situation of the Company
10 August 2022
Zipmex Company Limited (“the Company”) wishes to continuously provide transparency and clarity with regards to the situation the Company is facing to customers, investors and all related parties. We would like to reassure you that we have sincere intentions and are determined to solve the problems that have arisen; our customers’ assets are our priority.
The Company would like to clarify the progress in resolving various issues as follows:
Recent developments on the operations of Z Wallet
In order to rebuild confidence and alleviate concerns of the customers and investors, the Company has resumed Z Wallet operations as previously committed by gradually transferring unaffected digital assets to customers’ respective wallets since 2nd August 2022. The unaffected digital assets include Solana (SOL), Ripple (XRP), and Cardano (ADA), whereby 100% of the respective tokens in customers’ Z Wallet have been automatically credited to the Trade Wallet.
Zipmex Pte. Ltd. plans to gradually transfer Bitcoin (BTC) and Ethereum (ETH) held in all customers’ Z Wallet to the Trade Wallet in two phases. The details are as follows for the first scheduled transfer.
● Thursday, 11th August 2022 – Ethereum (ETH) holders will receive up to 0.08 ETH from the Z Wallet, which will be credited to the user’s Trade Wallet. All customers will receive the same amount. Holders of assets less than or equal to 0.08 ETH will receive assets in the full amount.
● Tuesday, 16th August 2022 – Bitcoin (BTC) holders will receive up to 0.0045 BTC from the Z Wallet, which will be credited to the user’s Trade Wallet. All customers will receive the same amount. Holders of assets less than or equal to 0.0045 BTC will receive assets in the full amount.
Such action will allow most of the customers to receive a transfer of the 5 tokens to their respective Trade Wallets in full amounts under the conditions described above. However, the transfer scheduled on 11th and 16th August 2022 is only the first step in the plan to gradually transfer tokens to all customers’ Trade Wallets at the same time. The Company will inform all customers in every country of any further steps.
The Company remains committed to complete transfers of all customers’ assets in a gradual manner and to accelerating all actions to resume the full service of Z Wallet. We aim to be fully transparent and to provide periodic updates on the progress of the action plan.
The future of Zipmex Token (ZMT)
The Company remains determined in continuously developing Zipmex Token (ZMT) across the Zipmex ecosystem as we re-strategize our product roadmap towards a greater vision for ZMT alongside our investors who will help promote the growth and development of ZMT. We are confident that ZMT will significantly move forward and be able to effectively meet the needs of our customers.
In addition, an investor group from existing Zipmex investors has injected new capital to invest in Zipmex Token (ZMT), demonstrating confidence in the Company’s potential and that of ZMT. We remain committed and will continue to build on our product roadmap.
We are committed to doing our best towards resuming Z Wallet full services ASAP by upholding transparent and fair business practices.
Thank you for your continued patience and support.
*Investing in digital assets carries a high level of risk, including the risk of losing all of the invested amount. Investors should refer to the offering information prior to investing as well as invest appropriately with acceptable risk levels. For more information visit https://zipmex.com/th/en/